Kadant announces adoption of succession plan for CEO & COO

19 Aug '09

4 min read

“In adopting this succession plan, the board wanted to provide for continuity of leadership,” said Dr. John M. Albertine, chairman of the board's compensation committee. “Speaking on behalf of the entire board, we are enormously grateful to Bill and Ed for their leadership and many accomplishments in transforming Kadant into a worldwide industrial equipment supplier, and we recognize the importance of an orderly transition as senior management nears retirement. We are pleased that the culmination of the succession planning process has yielded the continued availability of both Bill and Ed during this transition.”

“I am deeply honored to follow Bill as the next CEO of Kadant,” said Mr. Painter. “Bill has had a long and successful career and enjoys the respect of his peers and competitors in the paper industry. I am particularly pleased that Kadant will continue to benefit from his and Ed's years of experience. We are a proud company with a strong reputation for quality and innovation in our products and services and dedication to our customers, built through Bill's exemplary leadership and dedication. I look forward to building on this foundation.”

Kadant Inc. is a leading supplier to the global pulp and paper industry, with a range of products and services for improving efficiency and quality in pulp and paper production, including paper machine accessories and systems for stock preparation, fluid handling, and water management. Our fluid-handling products are also used to optimize production in the steel, rubber, plastics, food, and textile industries. Kadant is based in Westford, Massachusetts, with revenues of $329 million in 2008 and 1,600 employees in 16 countries worldwide.

Kadant Inc

More Textiles News - United States Of America...